I should have made this point, too: Our failure to congestion price our roads really screws up our decisions on increasing capacity.
When roads are congestion-priced, the revenue tells us when we need more capacity. On this, see this (pdf):
One important feature of congestion prices is that they not only discourage usage when congestion is present, but they also generate revenue for capacity expansion. Indeed, it has long been recognized that under certain conditions the optimal congestion prices...
Some congestion is good
One charge often leveled at planners is that they deliberately foster congestion in order to force people to live in dense, walkable developments....
Congestion tolls vs. revenue tolls
I think one thing that confuses people about my support for congestion pricing is that they're not clear what I mean by "congestion pricing." ...
Converting free roads to toll roads
I've argued several times for tolling I-35 through Austin to relieve congestion, lowering the tolls on SH 130 if necessary. I'd never bothered to...
Converting free roads to toll roads
I've argued several times for tolling I-35 through Austin to relieve congestion, lowering the tolls on SH 130 if necessary. I'd never...
Rail
If you haven't noticed, I mostly blog about urban economics and Austin development. I rarely blog about transportation issues, though, and when I...
Post new comment